Does anyone know how the amount on line 18 of the Qualified Elementary and Secondary Tuition Smart Worksheet is determined? There is no source data for this item and it is used to calculate the adjusted qualified expenses.
031020
3 Replies
KrisD15
Expert Alumni
Mar 16, 2020 3:40:13 PM
What amount is it showing?
There is a limit of 10,000 per student.
Andover2016
Returning Member
Mar 17, 2020 7:17:11 AM
Line 18 - Used for exclusion is 14,060. Line 1 Tuition paid is 19,790. My question is where does the line 18 amount come from or how is it calculated?
ThomasM125
Expert Alumni
Mar 19, 2020 12:18:58 PM
The amount on line 18 would be the education expenses used for purposes of qualifying for an education credit or tuition and fees deduction. You can't use the same expenses to exclude income on your education plan that you used to receive an education expense credit or deduction.